Bitcoin Surges Amid Debt Ceiling Deal Anticipation.

Bitcoin briefly recovered the $28,000 level over the extended holiday weekend for the first time since the start of the month, after the Biden administration reached a tentative deal with Republican lawmakers to address the U.S. debt ceiling. The cryptocurrencies began climbing on Saturday evening after House Republicans reached a tentative deal with the White House to raise the nation's debt ceiling and avoid a default. As the debt ceiling negotiations weighed on crypto investors last week, the minutes of the latest Federal Reserve meeting also showed central bank officials are divided on where to go with interest rate hikes.